Segments (Tables)

9 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of certain information related to results of operations by segment

The following table summarizes revenues related to our segments for the periods indicated. Transactions between segments are recorded based on prices negotiated between the segments. The “Corporate and Other” category in the table below includes certain corporate expenses that are not allocated to the reportable segments.

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)
Revenues:
Water Solutions:
Topic 606 revenues
Disposal service fees	$	102,917	$	82,008	$	303,106	$	239,390
Sale of recovered crude oil	17,865		6,778		48,848		16,532
Sale of water	6,842		6,386		31,694		10,267
Other service revenues	3,029		3,753		13,441		9,479
Total Water Solutions revenues	130,653		98,925		397,089		275,668
Crude Oil Logistics:
Topic 606 revenues
Crude oil sales	588,729		455,790		1,660,225		1,104,692
Crude oil transportation and other	18,826		28,407		56,088		118,615
Non-Topic 606 revenues	2,153		2,919		6,518		9,193
Elimination of intersegment sales	(2,505)		(1,827)		(7,174)		(4,331)
Total Crude Oil Logistics revenues	607,203		485,289		1,715,657		1,228,169
Liquids Logistics:
Topic 606 revenues
Refined products sales	503,348		286,640		1,340,725		785,968
Propane sales	396,457		276,459		776,157		534,525
Butane sales	296,481		191,710		582,358		336,827
Other product sales	155,556		99,624		409,452		238,377
Service revenues	361		4,685		8,849		17,710
Non-Topic 606 revenues	81,817		20,302		185,705		59,816
Elimination of intersegment sales	—		(1,929)		(1,324)		(3,410)
Total Liquids Logistics revenues	1,434,020		877,491		3,301,922		1,969,813
Corporate and Other:
Non-Topic 606 revenues	—		314		—		942
Total Corporate and Other revenues	—		314		—		942
Total	$	2,171,876	$	1,462,019	$	5,414,668	$	3,474,592

The following tables summarize depreciation and amortization expense (including amortization expense recorded within interest expense, cost of sales and operating expenses in Note 5 and Note 6) and operating income (loss) by segment for the periods indicated.

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)
Depreciation and Amortization:
Water Solutions	$	50,877	$	53,388	$	164,651	$	173,865
Crude Oil Logistics	12,166		16,513		37,029		50,540
Liquids Logistics	3,824		7,071		15,627		22,406
Corporate and Other	6,066		4,576		18,050		13,243
Total	$	72,933	$	81,548	$	235,357	$	260,054
Operating Income (Loss):
Water Solutions	$	19,851	$	15,821	$	60,206	$	(13,503)
Crude Oil Logistics	21,291		(382,192)		37,941		(310,633)
Liquids Logistics	23,158		32,438		(18,790)		51,338
Corporate and Other	(15,190)		(12,374)		(34,763)		(47,978)
Total	$	49,110	$	(346,307)	$	44,594	$	(320,776)

Schedule of additions to property, plant and equipment and intangible assets by segment

The following table summarizes additions to property, plant and equipment and intangible assets by segment for the periods indicated. This information has been prepared on the accrual basis, and includes property, plant and equipment and intangible assets acquired in acquisitions.

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
	(in thousands)
Water Solutions	$	21,254	$	5,177	$	81,807	$	38,139
Crude Oil Logistics	515		785		1,986		9,555
Liquids Logistics	4,248		2,572		10,308		7,292
Corporate and Other	341		2,983		1,504		10,887
Total	$	26,358	$	11,517	$	95,605	$	65,873

Schedule of long-lived assets (consisting of property, plant and equipment, intangible assets, operating lease right-of-use assets and goodwill) and total assets by segment

The following tables summarize long-lived assets (consisting of property, plant and equipment, intangible assets, operating lease right-of-use assets and goodwill) and total assets by segment at the dates indicated:

	December 31, 2021		March 31, 2021
	(in thousands)
Long-lived assets, net:
Water Solutions	$	2,997,529	$	3,104,450
Crude Oil Logistics	1,059,922		1,090,578
Liquids Logistics (1)	394,897		626,221
Corporate and Other	51,141		44,802
Total	$	4,503,489	$	4,866,051

(1)    Includes $18.5 million and $20.9 million of non-US long-lived assets at December 31, 2021 and March 31, 2021, respectively.

	December 31, 2021		March 31, 2021
	(in thousands)
Total assets:
Water Solutions	$	3,142,021	$	3,204,850
Crude Oil Logistics	1,895,169		1,665,005
Liquids Logistics (1)	986,602		1,003,370
Corporate and Other	70,979		74,116
Total	$	6,094,771	$	5,947,341

(1)    Includes $60.6 million and $37.9 million of non-US total assets at December 31, 2021 and March 31, 2021, respectively.